What assumptions about the economy must be true for the invisible hand to work
What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world? Do these conditions hold in the social service industries?
References:
OpenStax. (2019). Principles of economics (2e). OpenStax CNX. Retrieved from
https://openstax.org/details/books/principles-economics-2e
American Psychological Association. (2020). Publication manual of the American
Psychological Association (7th ed.). American Psychological Association.
https://doi.org/10.1037/0000165-000 Links to an external site.
Answer preview for What assumptions about the economy must be true for the invisible hand to work
Access the full answer containing 590 words by clicking the below purchase button.